Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lucid company declared a property dividend of 21,0

lucid company declared a property dividend of 21,000 shares of $1 per Polk Company common...

70.2K

Verified Solution

Question

Accounting

lucid company declared a property dividend of 21,000 shares of $1 per Polk Company common stock. the Polk stock was purchased for $2 per share. Market value was $8 per share on the declaration date and $9 per share on the distribution date. What is the amount of the dividend?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

write a 3 page paper on do you agree with health care for all. include the...

Biology
1.2K views

Which of the following is more likely a nervous system response and NOT a endocrine...

Basic Math
1.2K views

Find the cost of each item in 10 years assuming an inflation rate of 7...

Basic Math
1.2K views

OT 25 Suppose that a guitar company estimates that its monthly cost is C x...

Calculus
1.2K views

For the polynomial below, -3 is a zero.h(x)=x + 9x + 25x + 21Express h...

Algebra
1.2K views

5 Solve 1 1 8 8 Write the solution in interval notation A 55 1...

Algebra
1.2K views

210x 3x 32 x 0

Accounting
1.2K views

Listed below are three lottery payout options. (Click the icon to view the lottery payout...

Accounting
1.2K views

Discuss whether deductions for AGI can be treated as nonbusiness deductions in computing an individuals...

Accounting
1.2K views

Which of the following statements regarding corporations is incorrect? O A. Corporations dominate business activity...

Accounting
1.2K views

Jones is selously Ill and has $6 million of property that he wants to leave...

Finance
1.2K views

eBook Assume that today is December 31, 2019, and that the following information applies to...